EPFO adds 19.29 lakh net members in June this year

Employees’ Provident Fund Organisation (EPFO) has added 19.29 lakh net members in June this year, registering a growth of 7.86 percent in comparison to the same month of the last year. The Ministry of Labour and Employment said that the surge in membership can be attributed to numerous factors, including increased employment opportunities. 

The data indicates that around 10.25 lakh new members have



enrolled during June this year. A noticeable aspect of the data is the dominance of the 18-25 age group, constituting a significant 59.14 percent of the total new members added in June this year. The payroll data highlights that approximately 14.15 lakh members exited and subsequently rejoined EPFO. This figure depicts year-over-year growth of 11.79 percent compared to June last year.